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1. Parties: Identification and details of both partners entering into the 50-50 partnership
2. Background: Context of the partnership formation and business objectives
3. Definitions: Key terms used throughout the agreement
4. Partnership Formation: Official establishment of the partnership, including business name, address, and registration details
5. Capital Contributions: Initial and subsequent capital contributions from each partner, specifying nature and value
6. Profit and Loss Sharing: Equal (50-50) distribution mechanism for profits and losses
7. Management and Control: Partnership management structure and decision-making processes
8. Voting Rights: Voting mechanisms for partnership decisions, reflecting the 50-50 nature
9. Partners' Duties and Obligations: Specific responsibilities and commitments of each partner
10. Banking and Financial Matters: Banking arrangements, accounting procedures, and financial management
11. Partner Deadlock Resolution: Procedures for resolving disagreements in a 50-50 partnership
12. Term and Termination: Duration of partnership and conditions for termination
13. Partnership Dissolution: Process and procedures for dissolving the partnership
14. Confidentiality: Protection of partnership's confidential information
15. Governing Law: Specification of Philippine law as governing law
16. Dispute Resolution: Mechanisms for resolving disputes between partners
1. Non-Compete: Restrictions on partners engaging in competing businesses, used when partners have other business interests
2. Intellectual Property Rights: IP ownership and usage rights, included when the business involves intellectual property
3. Employee Management: Procedures for hiring and managing employees, included when the partnership plans to have employees
4. Insurance: Required insurance coverage, included when business activities require specific insurance
5. External Investment: Procedures for accepting external investment, included if future external funding is anticipated
6. Partner Illness/Incapacity: Procedures in case of partner illness or incapacity, included for long-term partnerships
7. Social Media and Marketing: Guidelines for social media and marketing activities, included for customer-facing businesses
1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial capital contributions
2. Schedule B - Business Plan: Initial business plan and strategic objectives
3. Schedule C - Asset Register: List of partnership assets and their values
4. Schedule D - Designated Bank Accounts: Details of partnership bank accounts and signing authorities
5. Schedule E - Partner Contact Information: Detailed contact information and addresses for official notices
6. Appendix 1 - Operating Procedures: Day-to-day operational procedures and policies
7. Appendix 2 - Financial Procedures: Detailed financial management and accounting procedures
Retail
Food and Beverage
Professional Services
Technology
Manufacturing
Construction
Real Estate
Consulting
Healthcare
Education
Agriculture
Tourism and Hospitality
Import/Export
E-commerce
Creative Industries
Legal
Corporate Affairs
Finance
Compliance
Risk Management
Business Development
Operations
Executive Leadership
Administrative
Strategy
Business Owner
Entrepreneur
Managing Partner
Chief Executive Officer
Business Development Manager
Legal Counsel
Corporate Lawyer
Business Consultant
Financial Controller
Chief Financial Officer
Operations Manager
Company Secretary
Risk Manager
Compliance Officer
Business Broker
Investment Advisor
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